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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: menanna who wrote (11821)5/17/1998 4:07:00 PM
From: bobby beara  Read Replies (1) | Respond to of 116815
 
Thank you Anna, there are a couple or more possibilities for the next run.

A: we could be ending wave 2 at this point and we will go to all time highs in the 108 area.

B: we could be continuing the corrective wave 2 process and continue a sideways trading range. This trading range could be in the form of a bullish symetrical pennant, an ascending triangle or a megaphone pattern.

So far I'm leaning toward the ascending triangle pattern, but we will have to wait and see how the market plays out.

The choice is pretty easy for those who have ears to hear and eyes to see, buy precious metals and stocks at an 18 year sale price or buy equities that are in record high valuations that surpass the 29 or 87 peaks on any test given.

I have some pretty amazing targets for the highs on the S&P, DOW and Nasdaq that will be reached in the next two weeks, will post those tomorrow.

Please also remember I am not an investment advisor, but an amateur T/Aer who does this as a hobby and my opinions are strictly my own, all decisions to buy or sell are ones own responsibility. ;-)

bobby b

Proverb for the day:
For wisdom is better than rubies; and all the things that may be desired are not to be compared to it. 8:11

Wisdom? John 3:16